Food for Thought - 024

Markets mostly operate contrarian by nature and trading is a statistical business but conviction for a trade should better be binary. - Kamlesh Uttam

NIFTY50 - Force Analysis - 19-02-2016

Very Few Saw It Coming..!! - Part-II

This chart was posted on 14-March-2015, well before any market veteran in media could at all sense it. (One of our blog-readers pointed about this chart.) 

http://uttamsmethodofselling.blogspot.in/2015/03/divergence-in-nifty.html

WHY of the Call is also given in the chart. 

1. Fundamental clue - Historically Unsustainable PEs - Signal be Awaited

2. Market Psychology clue - Divergent Price Action - Signal Confirmed.

Many Thanks to all blog-readers who have caused total page visits to six figures (1,18,000+) and are inspiring me to post good stuff.

Very Few Saw it Coming..!!

These days a broking company's analyst (SM) is being celebrated in the media for his - "i told you so" about bear market. 

But our charts detailed -

1. "Why so" as well &

2. That too 'before any' celebrated voice in media. (Check it over internet before 13-06-2015. I remember nobody wanted to hear word 'bear' at that time..:). 
http://uttamsmethodofselling.blogspot.in/2015/06/nifty-on-monthly-tf-13-06-2015.html

3. Our charts were on the spot for upside breakout as well - Well before Modi-wave became violent...:). 
http://uttamsmethodofselling.blogspot.in/2014/04/breakout-theorem-on-nifty-monthly.html

We too deserve a pat for both these charts. Well...this post may be food for thought to persons who strongly believe technical analysis does not work..!!

NIFTY50 - Force Analysis - 06-02-2016

Food for Thought - 023

So the major advice I would give anybody is: Recognize that this is a very competitive business, and that when you decide to buy or sell a stock, you are competing with people who have devoted a good portion of their lives to this same endeavor. In many instances, these professionals are on the opposite side of your trades and, on balance, they are going to beat you. --Michael Steinhardt